Moody's: UK's economic recovery will remain slow

The agency said it now expects the "period of sluggish growth" to "extend into the second half of the decade", adding:

Moody's says that the country's current economic recovery has already proven to be significantly slower - and believes that it will likely remain so - compared with the recovery observed after previous recessions, such as those of the 1970s, early 1980s and early 1990s.